Mike Munger of Duke University talks with EconTalk host Russ Roberts about the world of profit, money, love, gifts, and incentives. What motivates people, self-interest or altruism? Both obviously. But how do these forces interact with each other? Does relying on one always provide a stronger incentive than the other? Do charities, for-profit businesses or government agencies do a better job providing a good or service? Munger and Roberts have a wide-ranging discussion across these issues including a section where they discuss whether Christmas gift-giving and gift-giving in general is inefficient.
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📆 2010-04-05 08:30 / ⌛ 00:59:29
📆 2010-03-29 08:30 / ⌛ 01:05:44
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📆 2010-03-15 07:30 / ⌛ 01:09:26